DelaPlex IPO debut: Listing at 61% premium, share price at ₹309, details here

DelaPlex IPO debut: debuts at 61% premium over IPO price on NSE SME The price band was fixed at ₹186-192 a share.

Published on: Feb 2, 2024, 13:06:47 IST

By HT News Desk

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Delaplex IPO debut: Delaplex made a strong market debut listing at a 61 per cent premium over the IPO price. The stock opened at ₹309 against an issue price of ₹192 on the NSE SME platform but fell short of the grey market premium (GMP) which had surged ₹145- 5.5 percent over the issue price of ₹192- ahead of the listing.

DelaPlex IPO debut: The listing fell short of the grey market premium (GMP) which had surged ₹145.

Delaplex IPO debut: What we know about Delaplex IPO?

The ₹46-crore IPO was a mix of a fresh issue of 18 lakh shares worth ₹34.5 crore and an offer for sale of six lakh shares aggregating to ₹11.52 crore.

Delaplex IPO debut: What was the price band of the IPO?

The price band was fixed at ₹186-192 a share.

Delaplex IPO debut: What you need to know about the company?

In the fiscal 2023, the company’s revenue grew nine percent increase to ₹54 crore as its net profit rose to ₹7.9 crore. This was up from ₹6.1 crore in the previous year. Delaplex Limited was established on February 12, 2004 and operates as a subsidiary of delaPlex INC, a US-based firm. The company specialises in offering technology and software development solutions along with consulting services.

Delaplex IPO debut: What company will use the IPO for?

DelaPlex will use the proceeds for advertisement, sales and marketing expenses and to meet working capital requirements, it said.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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